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Photo by Panayotis Tzamaros/Fosphotos More changes needed to unlock private sector's potential, report says

Greece has to take specific steps to unleash the potential of its business economy because the reforms implemented during its three adjustment programmes have not had the desired impact, a study carried out by the German Institute for Economic Research (DIW) argues.

The first cut is the deepest? Greek pension reforms in context

By: Georgia Nakou

It is 5:59am on a Sunday morning. The host of the morning talk show, a man of near-pensionable age – a look he has affected for well over a decade – adopts an alarmed look. The caption screams “NEW PENSIONS MASSACRE”. Projected on the backdrop, a dense table of numbers several columns wide defies legibility, and several talking heads are lined up in a panel to argue vociferously and incoherently over how badly pensioners can expect to suffer from the latest spending cuts.

Photo by Panayotis Tzamaros/Fosphotos Concerns raised about next year's pensions cuts

Employees at Greece's main social security fund have raised the alarm regarding the extent to which pensions will be cut next year, when Greece is expected to trim its spending on retirees by 1 percent of GDP, or 1.8 billion euros.

Photo by Panayotis Tzamaros/Fosphotos Is the cost of Greece's public sector soaring again?

By: Georgia Nakou

As Greece approaches the end of its bailout programme, claims are emerging that the SYRIZA-ANEL government has been on a public sector hiring spree at the expense of already over-burdened taxpayers, while seeking to entrench itself in the state through political appointments.

Photo by Panayotis Tzamaros/Fosphotos Extra taxation did not increase revenues in 2017

By: Omaira Gill

Increases in tax rates across 2017 by the application of new tax scales and methods of calculation for tax payable by the self-employed did not lead to higher revenues for the government in 2017, according to the latest data from ELSTAT.

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